The progressivity of tax systems can address income inequality from "summary" of Public Finance by Harvey S. Rosen
The concept of progressivity in tax systems is crucial when addressing income inequality. A progressive tax system is one in which the average tax rate increases as income increases. This means that those with higher incomes will pay a larger percentage of their income in taxes compared to those with lower incomes. By implementing a progressive tax system, the government can redistribute income from the wealthy to the less fortunate, thereby reducing income inequality.
The progressive nature of taxes can help to address income inequality by ensuring that those who can afford to contribute more do so. This can help to level t...
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